OMN - Omhold - Award of Share Options to a Director of a major subsidiary
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/003680/06)
JSE Code: OMN
("Omhold" or the "Company")
AWARD OF SHARE OPTIONS TO A DIRECTOR OF A MAJOR SUBSIDIARY COMPANY
In compliance with section 3.63 of the Listings Requirements of the JSE Limited,
Omhold advises that options to purchase shares have been awarded, in terms of
the Omhold Share Incentive Scheme, to a director of a major subsidiary company
as detailed below. This award was made by the Remuneration Committee on
28/02/2007, however as he is resident in Zimbabwe he only received a
notification letter in regard thereto on 22/03/2007.
Name of Company No. of Price per share Total value
du Plessis L J Omnia Fertilizer 10 000 R60.00 R600 000
The director`s interest in the above shares is direct beneficial.
THE OMHOLD SHARE INCENTIVE SCHEME
In terms of this scheme candidates are nominated to receive shares and are put
forward to the Remuneration Committee who formally award share options in terms
of the Trust`s rules. In terms of these rules, shares accrue on the basis of
20% on the second anniversary date, 20% on the third, 20% on the fourth and the
balance of 40% on the fifth. All options must be exercised and taken within ten
years of allocation.
The allocation has been ratified by the Chairman of the Board.
22 March 2007
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 22/03/2007 15:57:04 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .